What Is the Frax Protocol (FRAX)?

Earn 8.16% APR With SfrxETH By Frax Finance - Wealth Mastery By Lark Davis  - Crypto Newsletter

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:

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